Nhu is a 38-year-old married man with two children. He lives with his family in Ho Chi Minh City.
For the past 15 years, Nhu has supported his family by repairing and replacing locks in his local community. Nhu would like to take a loan to invest in his business by buying a greater quantity and variety of locks and new equipment for his business in order to better meet his customers' needs.
Through the loan, he hopes that he will be able to increase his income and set aside some savings.
About Capital Aid Fund for Employment of the Poor
Capital Aid Fund for Employment of the Poor (CEP) is a non-profit Vietnamese microfinance institution that operates in the provinces of southeastern Vietnam and the Mekong Delta. CEP's head office is located in Ho Chi Minh City. This institution’s mission is to work with, and for, the poor and poorest to realize sustained improvements in well-being through the provision of financial and complementary non-financial services in an honest, efficient, and sustainable manner. The non-financial services CEP offers to complement its basic credit and savings products include financial education, raising awareness of health and sanitation issues, and education scholarships for children.